GAG Immobilien AG (HAM:GWK3) PB Ratio: 0.87 (As of Jul. 29, 2026) — 46% Below Median

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HAM:GWK3 GAG Immobilien AG HAM:GWK3
66 GF Score
Price €47.00
GF Value €54.70
Valuation Modestly Undervalued
! 6 Warning Signs
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What is GAG Immobilien AG PB Ratio?

GAG Immobilien AG HAM:GWK3 +3.98% 66 PB Ratio is 0.87 as of Jul. 29, 2026, which is 46% below its 10-year median of 1.61. GuruFocus rates HAM:GWK3 with a GF Score™ of 66/100 and a GF Value™ of €54.70 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,711 Real Estate companies, GAG Immobilien AG ranks worse than 52.66% on this metric.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-29), GAG Immobilien AG's share price is €47.00. GAG Immobilien AG's Book Value per Share for the quarter that ended in Dec. 2025 was €54.13. Hence, GAG Immobilien AG's PB Ratio of today is 0.87.

Good Sign:

GAG Immobilien AG stock PB Ratio (=0.89) is close to 10-year low of 0.87.

The historical rank and industry rank for GAG Immobilien AG's PB Ratio or its related term are showing as below:

HAM:GWK3' s PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.61   Max: 3.07
Current: 0.86

During the past 13 years, GAG Immobilien AG's highest PB Ratio was 3.07. The lowest was 0.83. And the median was 1.61.

HAM:GWK3's PB Ratio is ranked worse than
52.66% of 1711 companies
in the Real Estate industry
Industry Median: 0.8 vs HAM:GWK3: 0.86

During the past 12 months, GAG Immobilien AG's average Book Value Per Share Growth Rate was 2.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 2.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of GAG Immobilien AG was 17.90% per year. The lowest was 2.20% per year. And the median was 5.20% per year.

Back to Basics: PB Ratio


GAG Immobilien AG  (HAM:GWK3) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


GAG Immobilien AG PB Ratio Related Terms


GAG Immobilien AG PB Ratio Historical Data

* Premium members only.

The historical data trend for GAG Immobilien AG's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

GAG Immobilien AG PB Ratio Chart

GAG Immobilien AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.80 1.58 1.17 0.99 0.92

GAG Immobilien AG Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.80 1.58 1.17 0.99 0.92

HAM:GWK3 vs CBRE, BEKE, JLL: PB Ratio Comparison

For the Real Estate Services subindustry, GAG Immobilien AG's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


GAG Immobilien AG PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, GAG Immobilien AG's PB Ratio distribution charts can be found below:

* The bar in red indicates where GAG Immobilien AG's PB Ratio falls into.


HAM:GWK3
66GF Score
GAG Immobilien AG HAM:GWK3
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GAG Immobilien AG PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

GAG Immobilien AG's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=47.00/54.125
=0.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.87 mean?
GAG Immobilien AG (HAM:GWK3) has a PB Ratio of 0.87 as of Jul. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on GAG Immobilien AG and its competitors. This is 46% below median its historical median of 1.61. Over the past decade, GAG Immobilien AG's PB Ratio has ranged from 0.83 to 3.07. According to the industry distribution chart, GAG Immobilien AG ranks #901 out of 1711 companies in the Real Estate industry, placing it in the top 52.7%.
Is GAG Immobilien AG's PB Ratio too high?
GAG Immobilien AG's current PB Ratio of 0.87 is 46% below median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 3.07. The Real Estate industry median PB Ratio is 0.80. GAG Immobilien AG's value of 0.87 is 8.8% above this industry median. Based on the distribution chart, GAG Immobilien AG ranks #901 out of 1711 companies in the Real Estate industry, which is below the industry midpoint. Overall, GAG Immobilien AG has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GAG Immobilien AG's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, GAG Immobilien AG ranks #901 out of 1711 companies for PB Ratio. This places GAG Immobilien AG in the lower half of its industry. The industry median PB Ratio is 0.80. GAG Immobilien AG's value of 0.87 is 8.8% above this benchmark. Historically, GAG Immobilien AG's own PB Ratio has ranged from 0.83 to 3.07 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 0.80, GAG Immobilien AG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Real Estate company?
The median PB Ratio among Real Estate companies is 0.80, based on 1,711 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GAG Immobilien AG's current PB Ratio of 0.87 is 8.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on GAG Immobilien AG and its competitors. For the Real Estate industry, the median PB Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GAG Immobilien AG's current PB Ratio is 0.87, which is 46% below median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GAG Immobilien AG stock overvalued right now?
Based on GuruFocus' analysis, GAG Immobilien AG (HAM:GWK3) is currently considered Modestly Undervalued. The stock's GF Value™ is €54.70, compared to a current price of €47.00 — trading 14.1% below its estimated fair value. The current PB Ratio is 0.87, which is 46% below median its 10-year median of 1.61 and 8.8% above the Real Estate industry median of 0.80. GAG Immobilien AG's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For GAG Immobilien AG (HAM:GWK3), the current PB Ratio is 0.87 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is GAG Immobilien AG (HAM:GWK3) Overvalued in 2026?

Based on GuruFocus' analysis, GAG Immobilien AG stock appears to be undervalued. The current stock price of €47.00 is trading 14.1% below its estimated GF Value™ of €54.70. GuruFocus considers GAG Immobilien AG to be Modestly Undervalued.

Key valuation signals for HAM:GWK3:

  • PB Ratio: 0.87 (46% below median its 10-year median of 1.61)
  • GF Value™: €54.70 vs. price of €47.00 (14.1% below fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 8.8% above the Real Estate median (#901 of 1711)

No single metric tells the full story. See the HAM:GWK3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GAG Immobilien AG Business Description

Address Josef-Lammerting-Allee 20-22, Cologne, DEU, 50933
GAG Immobilien AG is a Germany based provider of real-estate services and consultation in the city of Cologne. The company operates as a landlord, and is focused on the business of Leasing, Selling and Managing properties. In the leasing business, the company focuses on leasing the properties it owns. The organization apart from being involved in the provision of leasing services, also sells homes, condominiums, flats and buildings. In the Managing business, the entity undertakes the management and administration of third-party apartments for their owners or owner associations.
66GF Score

Get the complete analysis for HAM:GWK3

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€47.00
Price
€54.70
GF Value